Wholesale prices have been coming back, according to the Manheim Used Vehicle Value Index. The Index was up for the third consecutive month in August to 124.3, representing an increase of 2.1% from a year ago and up from 124.1 in July 2015. Used vehicle volumes continue to rise, but prices are remaining stable. That stability is in striking contrast to the volatility of international financial markets. Used vehicle values should stay on this path if the domestic economy and its financial markets remain stable.
It’s Time of Year for Prices to fall in September through November:
International financial, and debates over budget and debt ceiling will add uncertainty to market.
Rental Risk Prices up from July’s Low but Remained below 2013 and 2014 Levels:
New vehicle sales to rental declined 3%, but were still up 5% year-to-date in August.
Pickups, SUVs, CUVs, and Vans Continued to See Higher Prices Year-Over-Year:
Midsize and luxury cars up slightly, and compact cars down 6.7% from year ago.